w/c 7 November
By Adam Cadle
News in brief, product launches and mandates from this week
Cordea Savills, an international property fund manager, is reopening its Nordic Retail Fund (“The Fund”) to raise additional capital for further investment. The fund currently has a €125 million portfolio and has a total return target of 10% p.a. and focuses on both in and out-of-town retail formats where there is a strong income profile and the potential to add value.
Asset management firm, American Century Investments, has launched the American Century U.S. All Cap Growth Fund (”the Fund”) as part of its Luxembourg-registered UCITS III fund range. The fund seeks long-term capital growth by investing in companies with improving business fundamentals.
State Street Global Advisors has announced that it has been awarded a €111 million equity mandate from Länsförsäkringar Fondförvaltning AB, Affärsenhet Bank. The mandate has been allocated to the SSgA global equity spotlight strategy managed by the SSgA fundamental equity team in Dublin.
Russell Investments has announced the appointment of Sustainalytics to provide stock-level environmental, social and governance (ESG) information to support analysis of its funds and client portfolios. Using a broad range of core and industry-specific indicators that address sustainability policies, management systems and performance outcomes, Sustainalytics will enable Russell to develop its investment services for clients all over the world seeking greater ESG integration in their portfolios.
Other stories you may find of interest:
Swedish investors favour home market for real estate investments
Institutional investors in Sweden show a "marked preference" for the domestic market in their real estate investments, according to a survey by European Association for Investors in Non-listed Real Estate Vehicles
Real estate investments account for 2.4% of Dutch funds
Direct investments in real estate accounted for €15.3bn of Dutch pension funds at the end of the third quarter of 2009, the equivalent to 2.4 per cent of their total investments
Poor performance for Swiss pension funds
The average fund performance for Swiss pension funds was just 2.95%, compared to 10.3% in 2009, Swisscanto has revealed. This relatively poor performance was attributed to historically low interest rates and losses on investments in USD and EUR
